EURINR is expected to plunge: Angel Broking

Angel Broking's currency report on EURINR

Euro spot plunged by 0.37 percent yesterday on account of the on - going political crisis in Spain. The Spanish government has apparently urged Catalans to accept Madrid's decision to dismiss their secessionist leadership and to take control of the restive region, as the nation's biggest political crisis in decades enters a decisive week. EURINR spot is expected  to plunge as traders book profits prior to  the ECB Monetary Policy  Meeting in order to guard against any  disappointment that may come from the eagerly - awaited ECB  meeting later this week.

OUTLOOK

EURINR spot is expected to plunge as traders book profits prior to the ECB Monetary Policy Meeting in order to guard against any disappointment that may come from the eagerly - awaited ECB  meeting later this week.

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